In a world of inexperienced first-time real estate investors becoming do-it-yourself contractor-flippers combined with recent relaxed requirement for certain building permits and inspections have
WIZARDS OF NAR PREDICT HOUSING EXPECTATIONS FOR 2015
Dated: January 20 2015
Views: 439
Crystal ball for Real Estate in 2015??
Checking out NAR’s info-graphic this is going to be a robust year in real estate. 2014 was an improvement but 2015 should be steamrolling any prior year stats! Good News for those homeowners looking to down-size or relocate to warmer climates. Existing home values are up. New Homes Sales are up. Median home sale prices are up.
National Association of Realtors suggests interest rates may creep-up a bit higher in 2015 which should have first-time home buyers rallying to find that perfect home before mid-year hits. Lenders are still requiring reasonable credit scores and less debt to purchase plus a few bank are offering terrific ‘first-time home buyer programs. Sit through a few days of seminars and voila – you have met one of the requirements! Check out local banks and see what program fit your needs as first-time buyer.
Buyers looking in the rural communities may have an option go with USDA loans. These loans typically offer low mortgage insurance costs for buyers with less than 20% down. Towns like Sparta, Lafayette, and part of Sussex plus communities in Somerset and western Morris County may be on the list.
Buyers just starting the process and are unsure on the next ‘right’ step – call our preferred lender posted below. Bob’s has almost 20 years in the industry and provides our clients with the absolute, hands-down best service out there which is why we work with him. Have questions? Give him a call –
Robert Scarzella – Mortgage Loan Orginator
Residential Home Funding Corp
100 Lanidex Plaza, 2nd floor, Parsippany, NJ 07054 – Main 973.577.7008 Cell 908.303.7714
NMLS# 318337 / Company NMLS# 34973
Rscarzella@rhfunding.com www.rhfunding.com
Latest Blog Posts
More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe
As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the
The Wayne Township Summer Concert Series is a wonderful place to enjoy live music on a summer evening. Concert will be held at the municipal complex at 475 Valley Road, Wayne. Free
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than begin your search with Kalinka Team are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. and begin your search with Kalinka Team. Real estate listings held by other brokerage firms are marked as IDX listing. Information deemed reliable but not guaranteed. Copyright © 2020 Garden State Multiple Listing Service, L.L.C. All rights reserved. This information is being provided for Consumer's personal, non-commercial use and may not be used for
